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2 years ago

7

Doing more with less in terms of resources invested in business, and, where possible, controlling the resources without owning t

hem refers to
O a gazelle
b. bootstrapping
O c. corporate refugee.
O d. job security

1 answer:

mixer [17]2 years ago

6 0

The answer is : A . Gazelle

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ÂOaktree, Inc. is a merchandiser of inlaid wooden boxes. The company sold 7,500 units during the year. The company has provided

MA_775_DIABLO [31]

Answer:

correct answer is A. $320,000

Explanation:

given data

sold = 7,500 units

Sales Revenue = $566,000

Purchases= 305,000

Selling and Administrative Expense = 68,000

Freight In = 13,000

Beginning Merchandise Inventory = 45,000

Ending Merchandise Inventory = 42,000

solution

we know that gross profit is equal to Sales minus Cost of goods sold .......1

so first we get here gross profit that is

gross profit = ( sales revenue + ending inventory ) - ( beginning inventory + purchase + freight in ) .........1

gross profit = ( $566,000 + $42000 ) - ( $45000 + 305000 + $13000 )

gross profit = $245000

so cost of good sold will be from equation 1

cost of good sold = $566,000 - $245000 = 321000 so approx

so correct answer is A. $320,000

7 0

3 years ago

Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Steph

Dmitrij [34]

Answer:

Yes

Explanation:

There was a valid consideration because an amount of money $10,000 was promised and clearly agreed between both parties Erin and Stephanie.

There is an enforceable contract because there was an offer and acceptance; mutual obligation and consideration, and the subject matter was not illegal.

Contracts must not be written to be enforceable. Erin and Stephanie's contract was oral and still enforceable. The question however will be if Erin is of age to be able to pay $10,000 otherwise the contract may not be enforceable or binding.

8 0

3 years ago

Read 2 more answers

Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and va

Oxana [17]

Answer:

($62,000)

Explanation:

Calculation for the monthly financial advantage (disadvantage) for the company of eliminating this product

Keep Product X Drop Product X Difference

Sales $387,500 $0 $(387,500)

($25 per unit *15,500=$387,500)

Variable expenses $294,500 $0 $294,500

($19 per unit*15,500=$294,500)

Contribution margin $93,000 $0 $(93,000)

Fixed expenses $105,000 $74,000 $31,000

Net operating income (loss)$(12,000)$(74,000)$(62,000)

Therefore the monthly financial advantage (disadvantage) for the company of eliminating this product will be decrease in Net operating amount of ($62,000).

3 0

3 years ago

5. If you enter a road from a driveway, alley or roadside you must:

8_murik_8 [283]

Answer:

If you enter a road from a driveway, alley or roadside you must:

Yield to vehicles already on the main road.

Explanation:

The concept of right to way is supposed to be understand since there are no law that actually grants the right of way since it only states when the right of way is to be yielded. This concept has to be considered and well understood by all motorists to avoid conflict on roads. These conflicts often cause accidents which can lead to possible loss of life. Thus the rules governing right of way have to be taken very seriously to minimize the probability of accident.

In the following cases the right of way has to be yielded;

1. When one is at a yield sign for example; a stop sign

2. At a pedestrian crosswalk

3. At intersections that don't have traffic lights or where there is uncontrolled movement

4. At T intersections where one has to yield to motorists already on the main road

5. When one needs to turn left into the main road, one needs to yield to oncoming vehicles on the main road

6. One one is moving from a parking lot to the pavement

In our case, rule number four applies since one needs to enter from a driveway alley or roadside to the main road. This means that one on the driveway needs to yield to vehicles already on the main road.

3 0

3 years ago

Read 2 more answers

Account Title Debit Credit Cash $ 6,400 Accounts receivable 24,500 Office supplies 7,700 Trucks 186,000 Accumulated depreciation

olga nikolaevna [1]

Answer:

TOTAL CURRENT ASSETS $38,600

TOTAL ASSETS $233,284

TOTAL CURRENT LIABILITIES $23,400

TOTAL LIABILITIES $69,400

TOTAL EQUITY $163.884

TOTAL EQUITY & LIABILITIES $233.284

Explanation:

It's necessary to start by preparing the balance sheets with the information available, as result we have a difference in the accounting equation of $0,586 because it's necessary to prepare the income statement to define how much of the income it's keep as retained earnings.

Balance Sheets.

Assets Dec 31

Cash $6,400

Accounts Receivable $24,500

Supplies $7,700

TOTAL CURRENT ASSETS $38,600

Property and Equipment $186,000

Accumulated Depreciaiton -$38,316

Land $47,000

TOTAL ASSETS $233,284

Accounts Payable $10,400

Interest Payable $13,000

TOTAL CURRENT LIABILITIES $23,400

Long Term Notes Payables $46,000

TOTAL LIABILITIES $69,400

Common Stock $25,298

<u>Retained Earnings ($138,000 + 0,586)=138,586</u>

TOTAL EQUITY $163,884

TOTAL EQUITY & LIABILITIES $233,284

Income Statement

Sales $121,000

Depreciation -$24,714

MARGEN BRUTO $96,286

Salaries expense -$65,660

Office supplies expense -$5,000

Other Income -$12,040

Income Statement $13,586

Dividends $13,000

Retained Earnings = $0,586

4 0

4 years ago